Sprott Inc. Cuts Stake in SilverCrest Metals Inc. (NYSE:SILV)

Sprott Inc. trimmed its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,069,597 shares of the company’s stock after selling 1,137,903 shares during the period. SilverCrest Metals comprises 3.8% of Sprott Inc.’s portfolio, making the stock its 4th largest position. Sprott Inc.’s holdings in SilverCrest Metals were worth $64,417,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in SilverCrest Metals by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 216,554 shares of the company’s stock valued at $1,971,000 after acquiring an additional 1,296 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of SilverCrest Metals by 27.4% during the 4th quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock valued at $60,000 after purchasing an additional 1,402 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of SilverCrest Metals by 6.9% during the 3rd quarter. Townsquare Capital LLC now owns 23,012 shares of the company’s stock valued at $213,000 after purchasing an additional 1,477 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of SilverCrest Metals by 1.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 296,300 shares of the company’s stock valued at $2,699,000 after buying an additional 3,400 shares during the period. Finally, Geode Capital Management LLC raised its stake in SilverCrest Metals by 7.9% in the third quarter. Geode Capital Management LLC now owns 71,022 shares of the company’s stock worth $662,000 after buying an additional 5,227 shares in the last quarter. 44.75% of the stock is currently owned by hedge funds and other institutional investors.

SilverCrest Metals Stock Performance

SilverCrest Metals stock opened at $11.55 on Wednesday. SilverCrest Metals Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $11.98. The stock’s 50 day simple moving average is $10.30 and its two-hundred day simple moving average is $9.89. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21.

SilverCrest Metals Profile

SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.